Financial Institution Privacy Protection Act of 2001

Summary

Financial Institution Privacy Protection Act of 2001 - Amends the Gramm-Leach-Bliley Act to condition financial institution disclosure of consumer nonpublic personal health information upon the consumer's affirmative consent in writing. Replaces the opt out requirements governing such a disclosure with a prohibition against denial of a financial service or product to any consumer based upon the consumer's refusal to grant consent to nonpublic personal information disclosure. Mandates that each financial institution designate a privacy compliance officer to ensure compliance with privacy requirements. Sets forth civil penalties for noncompliance.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 March 2001

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1788-1789)

   Source: IntroReferral

2. 1 March 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S1788)

   Source: IntroReferral

3. 1 March 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 26 April 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S3987)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 1 March 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 1 March 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 1 March 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 1 March 2001

  Open at official source

Sponsors

• Rep. Nelson, Bill [D-FL-11] · D · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.